MarketsFarm — Delayed spring seeding means new-crop feed barley has a few more weeks left in the field, which is keeping old-crop prices strong into summertime. “We were expecting new-crop barley in the end of July, but with the later seeding date this year we’re not expecting to see new crop until at least mid- […] Read more
Tag Archives new-crop — page 5
Feed weekly outlook: Belated new crop props up barley
ICE weekly outlook: Canola stronger after Canada Day
MarketsFarm — Canola contracts have made small gains this week after pausing on Wednesday for Canada Day. As the July canola contract has expired, attention turns to new-crop contracts. Areas of the Prairies have received significant rain lately, with flood warnings and high water advisories across southwestern and western Manitoba after several consecutive storms. It’s […] Read more
ICE weekly outlook: Canola mixed at midweek
MarketsFarm — Canola contracts have stayed locked in a pattern for the past few trading sessions, with the July contract posting small gains and new crop year contracts showing losses. That’s mainly due to traders positioning ahead of July’s expiry date. “It’s not uncommon for the July expiry to see some spreads swing around,” said […] Read more
Pulse weekly outlook: Levy cut an opportunity for Canadian lentils
MarketsFarm — Canadian lentils should benefit from India lowering its import levy on lentils from 30 to 10 per cent, said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. The announcement, made June 2, was intended to reduce lentil prices in the country. India’s Ministry of Agriculture and Farmers’ Welfare estimated the lentil crop […] Read more
Feed weekly outlook: Barley prices strong
Jury still out on impact of China-Australia trade spat
MarketsFarm — Feed grain prices across the Prairies have been stronger during the week ended Thursday, buoyed by rainy conditions in southern Alberta coupled with steady demand. “To fill the gaps, prices have had to go up,” said Allen Pirness of Market Place Commodities in Lethbridge. Prices for feed barley went up by about $5 […] Read more
Feed weekly outlook: Overwintered barley beats expectations
MarketsFarm — Last fall’s remaining barley crops coming off the field this spring were at risk of causing a supply glut in feed grain markets. Luckily, however, those overwintered barley crops are in better-than-expected condition, and not all of them are going into the feed market. “We thought there would be a lot more coming […] Read more
Pulse weekly outlook: Green pea bids back off highs
MarketsFarm — Green pea prices in Western Canada have come off their highs in recent weeks, as end users back away from the market. Top-end green pea bids have lost about a dollar per bushel over the past month, according to Prairie Ag Hotwire data. “A lot of the end users are full now,” said […] Read more
Canola deliveries slow as Prairies’ harvest drags
MarketsFarm — The slow pace of the canola harvest across Western Canada is limiting farmer deliveries into the commercial elevator system, with a large backlog yet to come. Farmers delivered 187,100 tonnes of canola into the commercial pipeline during the week ended Sunday (Sept. 15), according to the latest Canadian Grain Commission data. That marked […] Read more
ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids
MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more
Feed weekly outlook: New-crop expectations weigh on bids
MarketsFarm — Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann of Agfinity at Stony Plain, Alta. New-crop feed barley is trading […] Read more
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